Russian Federation Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Russian Federation Renewable Energy Market is segmented by Source (Wind, Solar, Hydro, Bioenergy, and Other Sources).

Russian Federation Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Russian Federation Renewable Energy Market Size

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Russian Federation Renewable Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.16 %
Market Concentration Medium

Major Players

Russian Federation Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Russian Federation Renewable Energy Market Analysis

The Russian Federation Renewable Energy Market is expected to register a CAGR of greater than 2.16% during the forecast period.

  • In 2020, hydropower generation dominated the Russian renewable energy market. During the forecast period, with several projects, hydropower is expected to dominate the market.
  • According to the International Renewable Energy Agency (IRENA), in Russia, onshore wind capacity is expected to reach 23 GW, solar PV to 5 GW, and bioenergy to 26 GW by 2030. With this anticipated growth, multiple opportunities are expected in the renewable energy market.
  • Growing solar energy installations within the country are likely to drive the Russian Federation renewable energy market during the forecast period.

Russian Federation Renewable Energy Industry Overview

The Russian Federation renewable energy market is moderately fragmented. The major companies include RusHydro, Hevel LLC, Fortum Oyj, Rosseti PJSC, and Enel SpA. 

Russian Federation Renewable Energy Market Leaders

  1. RusHydro

  2. Hevel LLC

  3. Fortum Oyj

  4. Rosseti PJSC

  5. Enel S.p.A.

  6. *Disclaimer: Major Players sorted in no particular order
Russian Federation Renewable Energy Market Concentration
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Russian Federation Renewable Energy Market News

  • In July 2021, the Italian energy company Enel signed a cooperation agreement with the Government of Rostov, Russia, to implement a potential investment project for building a wind farm. The project has an investment cost of USD 137 million and will have an installed capacity of approximately 100 MW.
  • In June 2020, the country commissioned the Gukovskaya wind farm with an installed capacity of 100 MW. The plant is made of 26 wind turbines with an individual capacity of 3.8 MW, which supplies electricity to local households.

Russian Federation Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Installed Capacity and Forecast in GW, till 2027
  • 4.3 Government Policies and Regulations
  • 4.4 Recent Trends and Developments
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Wind
    • 5.1.2 Solar
    • 5.1.3 Hydro
    • 5.1.4 Bioenergy
    • 5.1.5 Other Sources

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Enel SpA
    • 6.3.2 RusHydro PJSC ADR
    • 6.3.3 General Electric Co.
    • 6.3.4 Rosseti PJSC
    • 6.3.5 Hevel LLC
    • 6.3.6 Fortum Oyj
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Russian Federation Renewable Energy Industry Segmentation

The Russian Federation renewable energy market report includes:

Source Wind
Solar
Hydro
Bioenergy
Other Sources
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Russian Federation Renewable Energy Market Research FAQs

What is the current Russian Federation Renewable Energy Market size?

The Russian Federation Renewable Energy Market is projected to register a CAGR of greater than 2.16% during the forecast period (2025-2030)

Who are the key players in Russian Federation Renewable Energy Market?

RusHydro, Hevel LLC, Fortum Oyj, Rosseti PJSC and Enel S.p.A. are the major companies operating in the Russian Federation Renewable Energy Market.

What years does this Russian Federation Renewable Energy Market cover?

The report covers the Russian Federation Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Russian Federation Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Russian Federation Renewable Energy Industry Report

Statistics for the 2025 Russian Federation Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russian Federation Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.